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Re: linc0907 post# 27408

Tuesday, 07/30/2013 11:58:56 AM

Tuesday, July 30, 2013 11:58:56 AM

Post# of 38473
Cheer up Linc,

Where Wall Street taketh, Wall Street also giveth.

You know where this stock is in the cycle... Dilution.
It's got further to go too.

The company HAS to reverse split soon because they're going to be in default on their notes.

ASSUMING they amend the notes and survive long enough to R/S the stock will be between $0.10 and $0.30 (that's actually worse case ranges... I expect them to R/S sooner with a higher pre-R/S price range which would give them an est. post R/S of $0.90-&$1.20)

No matter the post R/S price we know the next phase of the cycle is more debt/equity financing that cleans up the balance sheet. After the balance sheet is clean, the freshly minted, newly re-named company will aggressively P&D which you can buy into, sell, and then take out deep OTM puts or sell deep OTM calls against and sit back and let them dilute it right back down to fractions of a penny.
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